OFFER LETTER

To, Date: 28th Oct 2022

Mr./ Ms. Rishabh Malhotra

Address: Dinesh Reddy Luxury PG, Near IBIS Hotel, Garve Bhavi Palaya, Bomanahalli, Bangalore -
560068
Email: rishabhmalhotra690@gmail.com

Dear Rishabh,

With reference to your application and subsequent interview you had with us, i.e. Exploring Infinities
Edtech Pvt. Ltd. (“Company”), we are pleased to offer you the position of Sales Manager with effect
from 04th Nov 2022 on the terms and conditions as mutually discussed and agreed upon as shall be detailed
in the Appointment Letter, which shall be issued in due course.

1. Your relationship with us shall be of one of the employee providing its exclusive services to us on
a full-time basis. However, during the course of your employment, you may be transferred or
required to travel anywhere to provide your service to any of our establishments, whether existing
or to be set up in future, at the sole discretion of the management of the Company without prejudice
to your total emoluments.
2. Your duties/ responsibilities will be assigned to you by the management of the Company from time-
to-time beside your regular duties. You shall be expected to carry out your duties faithfully and
diligently, as per the exigencies of services.
3. You agree that upon your joining, i.e. w.e.f. 04th Nov 2022 you will be required to attend and
qualify a training session of 07 (seven) days (“Training”). Upon completion of the Training, you
will be required to attend, clear and qualify a further on-ground training session for a period of 10
(ten) days during which time you will be provided with targets and tests which needs to be cleared
and qualified by you (“On-ground Training”).
4. After completion of the On-ground Training, you will be on a probation period of 3 month(s) from
the date of joining. Your probation period may be further extended at the discretion of the
Company. Further, your employment will be confirmed vide a written confirmation.
5. The terms of your remuneration and salary structure shall be detailed under Schedule-I, attached
hereto.
6. Your employment will be governed by the internal policies of the Company and subsequently by
the terms of the Appointment Letter. You will be entitled to leaves as per the leave policy of the
Company from your Date of Joining.
7. You agree that in an event you fail to attend the Training then you shall not be entitled to any
remuneration or payment from the Company whatsoever. Further, in an event you fail to clear or
qualify the Mock Call training you will only be entitled to a fixed compensation of Rs. 5,000/- and
if you fail in the On-ground Training (OJT) you will only be entitled to a fixed compensation of
Rs. 10,000/- and not for any further entitlements.
8. Upon termination of your services, or in the event of your resignation:
8.1 During your probation period, you agree to serve 30 days’ prior written notice, failing which
we reserve the right to recover an amount equivalent to the basic salary for the period, by
which the notice period is short for in lieu thereof.
8.2 Once you are a confirmed employee you agree to serve 2 months’ prior written notice, failing
which we reserve the right to recover an amount equivalent to the basic salary for the period,
by which the notice period is short for, in lieu thereof.
8.3 You will immediately and forthwith return to the Company all data, property, documents, or
materials and all the equipment(s) including but not limited to phone, sim card, laptop, data
 card, etc. provided by the Company to you, subsequent to which your full and final settlement
shall be carried out by the Company.
9. The Company reserves its rights to forthwith terminate your services on any disciplinary grounds
including but not limited to insubordination, gross negligence, non-performance, misconduct,
misrepresentation, fraud, etc. as per the internal policies of the Company without any notice or
notice pay.
10. You hereby agree and assure to save and hold the Company, its directors, officers and other
employees harmless from any loss, cost, harm or damage that may be incurred, arising out of or
connected with your employment, based on any act, omission, commission, misrepresentation,
fraud, mis-selling or negligence on your part or any breach of the term of this Offer Letter. In an
event of any such act on your part, the Company shall be entitled to withhold your full and final
settlement till the recovery of such loss, harm, fraud, damage or cost incurred by the Company.
11. You agree that we reserve the right to interpret, add, modify, amend or withdraw any or all the rules
or policies of the company at any time whatsoever. Such interpretation, addition, modification or
amendment to the rules or policies shall be final and binding upon all the employees.
12. All the disputes or disagreements under this Offer Letter shall be governed by the laws of India
with the courts of Hyderabad, Telangana having exclusive jurisdiction. All disputes, claims or
differences shall be referred to a sole arbitrator as appointed by the Company. Such arbitration shall
be as per the provisions of the Arbitration and Conciliation Act, 1996 and Rules framed thereunder,
as amended from time to time. The seat of such arbitration shall be at Hyderabad, India only and
the proceedings shall be held in English language.
13. You agree that this offer shall be on the basis of your physical and health fitness. All contents of
this Offer Letter and all details of the Company are confidential and in view thereof you agree not
to disclose any confidential information to any third person whatsoever.

You are also requested to kindly submit the documents as detailed under Schedule-I of this Offer Letter on
or before your date of joining.
You hereby also agree that your employment will be confirmed and the Letter of Appointment will be
issued to you contingent to your submission of documents as aforesaid under Schedule-II, attached hereto
and our satisfaction based on the verification of the same including but not limited to a personal and
employment background check which may be carried out by the Company.
Please sign the duplicate copy of this Offer Letter and return to us as a token of acceptance within 48 hours
failing which this Offer Letter may stand automatically withdrawn.

Thanking You,

For Exploring Infinities Edtech Pvt. Ltd.

Authorised Signatory

Approved and accepted:

I have read the terms of this Offer Letter carefully and I understand and accept the obligations which it
imposes upon me without reservation. No promises or representations have been made to me to induce me
to sign this Offer Letter and I sign this Offer Letter voluntarily and freely.

Name :
Contact details :
Signature :
Date :
 SCHEDULE – I
SALARY STRUCTURE

Monthly Annually
Basic & DA ₹23,233.33 ₹2,78,800.00
House Rent Allowance ₹9,293.33 ₹1,11,520.00
City Compensatory Allowance ₹4,646.67 ₹55,760.00
Conveyance ₹929.33 ₹11,152.00
Medical Allowance ₹697.00 ₹8,364.00
Project Allowance ₹17,867.00 ₹2,14,404.00

Total Earnings ₹56,666.67 ₹6,80,000.00

Deductions
Employer Provident Fund ₹1,800.00 ₹21,600.00
Employee Provident Fund ₹1,800.00 ₹21,600.00
Professional Tax ₹200.00 ₹2,400.00
Medical Insurance As Applicable
TDS As per Law
Total Deductions ₹3,800.00 ₹45,600.00

Gross Salary before TDS, Medical Insurance ₹52,866.67 ₹6,34,400.00

Cost to Company ₹56,666.67 ₹6,80,000.00

● Cost to Company
Your annual remuneration payable by the Company to you will be Rs 6,80,000/- (Rupees Six Lakh
Eighty Thousand) per annum only.

● Taxation
The Income Tax Act as prevailing at the time of your employment will govern the taxation matters
on all the CTC components including reimbursements. The Company will deduct tax at source as
per the prevailing income tax law. You will be responsible for the declaration of your total income
to the appropriate authority as and when required by law.
 SCHEDULE-II
LIST OF DOCUMENTS

1. Copy of updated Resume

2. Copy of duly self-attested copy for permanent and temporary proof of address (in an event of
change of address, a notice to the Company is to be provided within 24 hours of such a change.
3. 1 passport size coloured photograph
4. Copy of duly self-attested proof of date of birth
5. Copy of duly self-attested proof of education and professional qualifications
6. Copy of duly self-attested copy of experience certificates from previous employers (if any)
7. Copy of duly self-attested copy of offer letters / appointment letters and payslips of the last 3
months
8. Copy of self-attested relieving letter from last employer
9. Copy of duly self-attested copy of PAN card
10. Copy of cancelled cheque & RTGS/ NEFT details of bank account
11. Professional Tax number and evidence of filing (if applicable)